National Business

TORONTO — Restaurants in Canada are raising prices, shrinking menus and reducing hours in a bid to survive inflation and labour shortages, a new report says.

TORONTO — Real estate firm CBRE says Canadian hotels will return to pre-pandemic revenues next year, two years ahead of its previous forecast.

The Canadian Union of Postal Workers (CUPW) is taking its criticism of Uber Technologies Inc.

Billionaire, entrepreneur and philanthropist Michael DeGroote died earlier this week, almost a month after his 89th birthday. DeGroote was well known for his contributions to Hamilton, Ont.

TORONTO — Pentwater Capital Management LP says it has increased its stake in Turquoise Hill Resources Ltd. to 13.77 per cent.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed compared with July.

CHARLESTON, W.Va. (AP) — A Maryland company announced Friday it will build a natural gas power plant designed to capture climate-changing carbon in northern West Virginia.

OTTAWA — Statistics Canada says wholesale sales fell 0.6 per cent in July to $80.2 billion, led by a drop in the personal and household goods subsector.

VANCOUVER — Agnico Eagle Mines Ltd. has signed a deal with Teck Resources Ltd. to take a 50 per cent stake in a copper-zinc project in Mexico for US$580 million.

BERLIN (AP) — Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday.